Question: Consider a U . S . company adopting IFRS for the first time. Which change in accounting policy would likely be necessary? Group of answer

Consider a U

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company adopting IFRS for the first time. Which change in accounting policy would likely be necessary? Group of answer choicesMoving from cash basis accounting to accrual basis.Revaluating fixed assets to reflect fair value.Discontinuing the use of double

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entry bookkeeping.Implementing stricter internal control measures.

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